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American investor stands to make $6 billion profit after backing Ireland’s future

Michael Hasenstab rides against the markets with Irish gamble

By
PATRICK COUNIHAN,
IrishCentral.com Staff Writer
Published Sunday, November 25, 2012, 8:20 AM
Updated Sunday, November 25, 2012, 8:20 AM

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ToryTory | Nov 26, 2012, 12:24 PM EST
The Irish economy is in a dire state - it's a statement of fact.

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seanomelb | Nov 25, 2012, 05:09 PM EST
Torytory!! issuing his anti Irish doomsday report.

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cillowen | Nov 25, 2012, 02:00 PM EST
there's money in turkeys - who knew?

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gobdawpaddy | Nov 25, 2012, 10:57 AM EST
Mr Hassenstab is buying Irish bonds, he is expressing faith in Ireland and it's government policies. He is not shorting bonds, 'betting on the plight of other human beings'. When Ireland returns to the market in earnest next year, Mr Hassebstab's endorsement might be very beneficial. Perhaps he will add to his holding, at a lower yield of course.

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ToryTory | Nov 25, 2012, 10:54 AM EST
What's the maturation date for the paper this fund holds? Ireland's economy is in a dire state, on par with Portugal & Spain.

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RedBranch | Nov 25, 2012, 10:30 AM EST
Old 'Stab the bondholder, always a popular face to see on Grafton Strasse. Hope he 'Hasens' over shortly after the budget (Dec.6)with a T shirt advertising who is is and what he does, that would attract a 'gathering' of like minds perhaps with a rope and looking a shamrock emblasoned lamppost.

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Portia777 | Nov 25, 2012, 09:20 AM EST
What kind of sick society have we become? betting on the plight of other human beings.It has a real psychopath mentality to it.

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Portia777 | Nov 25, 2012, 09:18 AM EST
bonds and paper money- but Irish people cannot eat either.

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